Hours Worked for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
Percent Change from Year Ago
IPUGN423L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
-18.52%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percent change in industrial production. This metric is a key indicator of manufacturing activity and economic growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Percent Change from Year Ago' trend tracks the year-over-year change in the Federal Reserve's Industrial Production Index, which measures the real output of the U.S. manufacturing, mining, and electric and gas utility sectors.
Methodology
The data is calculated based on the Federal Reserve's monthly industrial production survey.
Historical Context
This trend is widely followed by economists, policymakers, and market analysts to assess the health of the industrial sector and broader economy.
Key Facts
- The industrial production index covers around 75% of total industrial activity.
- Annual percent changes can signal economic expansions or contractions.
- Trends in this data help policymakers gauge inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in the Federal Reserve's Industrial Production Index, which tracks real output across the manufacturing, mining, and utility sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely gauge of industrial activity and overall economic health, helping analysts and policymakers assess the strength of the manufacturing sector and broader business cycle.
Q: How is this data collected or calculated?
A: The data is calculated based on the Federal Reserve's monthly industrial production survey.
Q: How is this trend used in economic policy?
A: Trends in industrial production are closely monitored by the Federal Reserve and other policymakers to help inform monetary policy decisions and gauge inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve with a typical lag of around 2-3 weeks.
Related Trends
Unit Labor Costs for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248U101000000
Sectoral Output for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243T300000000
Employment for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231W200000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210W001000000
Labor Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244L020000000
Hours Worked for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L010000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN423L201000000), retrieved from FRED.